Holy Grail/ adx gapper/ 80-20 all signals triggered
This is a triple confirmation on strategies from Streetsmarts...
1. Holy Grail is watching ADX it should be correcting only from uptrend > 30
2. Gap below yesterday's low then reversal recovery in morning at 35.10
3. 80-20 is yesterdays range opened in upper third, and closed in lower third; today's gap down then recovery of yesterdays low, buy > 1st hour bar > 35.25...hold until close or next day
4. technically there's an ABC style correction in a strong uptrend which tips probability that could recover multi-days even if miss low a bit ( call options could be considered if GAPS down to obvious target for C leg...as a re-entry method)
5. 6 days ago was a low, that is also beat > 35.35 showing another reason shorts may 'cover' or take profit...
1. Holy Grail is watching ADX it should be correcting only from uptrend > 30
2. Gap below yesterday's low then reversal recovery in morning at 35.10
3. 80-20 is yesterdays range opened in upper third, and closed in lower third; today's gap down then recovery of yesterdays low, buy > 1st hour bar > 35.25...hold until close or next day
4. technically there's an ABC style correction in a strong uptrend which tips probability that could recover multi-days even if miss low a bit ( call options could be considered if GAPS down to obvious target for C leg...as a re-entry method)
5. 6 days ago was a low, that is also beat > 35.35 showing another reason shorts may 'cover' or take profit...
Trade closed manually:
After no follow through today - closed trade for a small loss of -0.25 c